China's Tencent revenue grows 15% in Q2 on strong gaming performance
For the three months ended June, the Chinese technology giant reported revenue of 184.5 billion yuan (S$32.9 billion), exceeding analyst estimates of 178.5 billion yuan, according to LSEG data.
Gaming remained a key growth driver, with domestic revenue rising 17 per cent to 40.4 billion yuan and international revenue climbing 35 per cent to 18.8 billion yuan.
The strong performance was fuelled by flagship titles including Honor of Kings and Dungeon & Fighter Mobile.
Marketing services revenue increased 20 per cent year-on-year to 35.8 billion yuan, bolstered by AI-powered ad solutions that have enhanced targeting and optimisation capabilities.
Net profit for the quarter reached 55.6 billion yuan, surpassing analyst expectations of 52.3 billion yuan, LSEG data showed. REUTERS
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